Market Analysts: Oil Market Faces Multiple Pressures

TotalEnergies Corbion has issued a price increase notice for PLA. The company stated that the global trade environment remains challenging, with no signs of relief in raw material supply or costs related to energy, packaging, and logistics. Although we have absorbed a significant portion of the cost increases internally by improving production efficiency and optimizing operational management, the continued accumulation of costs has exceeded the company’s capacity to absorb them. To ensure reliable, high-quality, and continuous supply, TotalEnergies Corbion has decided to implement a 10% price increase across its entire Luminy® PLA product range, effective October 16, 2026.

LG Chem’s 900,000-ton-per-year Yeosu No. 2 Naphtha Cracking Center (NCC No. 2), which has been shut down for over six months since March 23, is scheduled to restart on October 12, the company announced in a regulatory filing on October 8.

October 10thJindan Technology (300829) has issued a commercial price adjustment notice, raising the sales prices of its lactic acid series products (including lactic acid, lactates, etc.) by 8% from the effective date. The company stated that significant changes have recently occurred in the supply and demand dynamics of lactic acid and its core upstream raw materials, with the contradiction between sustained strong demand and phased supply tightness becoming increasingly prominent. After careful evaluation and comprehensive analysis, the company has made this decision to adjust prices.

Specialty materials solutions provider Trinseo and its European affiliates recently announced a price increase for all grades of their polystyrene (PS), ABS, and SAN resins. The adjustment will take effect on October 1, 2026, or in accordance with existing contract terms. The specific price increases are as follows: STYRON™ polystyrene resin: €310 per tonne; MAGNUM™ ABS resin: €210 per tonne; TYRIL™ SAN resin: €230 per tonne.

SK ChemicalsSK Chemicals announced on October 6, 2026, that it will establish a cooperative system for the circular economy of waste banners. Leveraging the “Waste Banner Disposal and Circular Economy Building” project proposed at the Creative Solverthon held in conjunction with the “Social Value Festa,” co-hosted by the Korea Chamber of Commerce and Industry and the Ministry of the Interior and Safety, SK Chemicals will formally collaborate with MOA, DAEHAN MEDIA, UPCLOTH, and the Resource Circulation Team of Seogwipo City, Jeju Special Self-Governing Province, to form the “Waste Banner Circular Resourceization Consortium.”